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| Irz, Xavier T.; Roe, Terry L.. |
| This paper develops a two-sector model of growth where agriculture is considered explicitly. Key features of the model include: the reliance of agricultural production on a fixed but degrading resource base, the use by the farm sector of industrially produced inputs and differing rates of technological progress in the two sectors. On the demand side, the low income elasticity for food as well as the life-sustaining function of food consumption are recognized. In this simplified framework, the sustainability of growth can be related to the existence of a steady state reflecting the ability of the economy to feed its population. This property is used to identify the characteristics within and outside of agriculture conducive to the sustainability of a... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Sustainability; Agriculture and growth; Dynamic general equilibrium model; International Development; O41; O13; F11. |
| Ano: 2000 |
URL: http://purl.umn.edu/21762 |
